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Tex · 07-14-2009, 04:21 PM

ChinoCoug · 07-17-2009, 05:16 PM

Useless comparison. Use debt/GDP and tell me what you get.

Tex · 08-05-2009, 05:50 PM

It's not useless. There's no way GDP could possible increase fast enough to keep up with Obama's projected spending. It's a pointless request anyway, since we have no way of knowing what GDP will be like 8 years from now.

Still, that didn't stop Wikipedia from trying. Here's their numbers based on estimates:

Year - Gross Debt (B) - % of GDP
2008 - 9,985.8 - 70.2
2009 - (est.) 12,867.5 - 90.4
2010 - (est.) 14,456.3 - 98.1
2011 - (est.) 15,673.9 - 101.1
2012 - (est.) 16,565.7 - 100.6
2013 - (est.) 17,440.2 - 99.7
2014 - (est.) 18,350.0 - 99.9

I'm not sure how increasing public debt as a percentage of GDP by an estimated 20% is considered fiscally responsible by the Obamaphiles, particularly those who screamed about Bush's expenditures.

Then again, my view is probably colored by my apparent support for infanticide.

07-14-2009, 04:21 PM	#1
Tex Senior Member Join Date: Dec 2006 Posts: 8,596	National Debt Road Trip __________________ "Have we been commanded not to call a prophet an insular racist? Link?" "And yes, [2010] is a very good year to be a Democrat. Perhaps the best year in decades ..." - Cali Coug "Oh dear, granny, what a long tail our puss has got." - Brigham Young

07-17-2009, 05:16 PM	#2
ChinoCoug Senior Member Join Date: Jan 2006 Location: NOVA Posts: 3,005	Useless comparison. Use debt/GDP and tell me what you get. __________________ 太初有道

08-05-2009, 05:50 PM	#3
Tex Senior Member Join Date: Dec 2006 Posts: 8,596	It's not useless. There's no way GDP could possible increase fast enough to keep up with Obama's projected spending. It's a pointless request anyway, since we have no way of knowing what GDP will be like 8 years from now. Still, that didn't stop Wikipedia from trying. Here's their numbers based on estimates: Year - Gross Debt (B) - % of GDP 2008 - 9,985.8 - 70.2 2009 - (est.) 12,867.5 - 90.4 2010 - (est.) 14,456.3 - 98.1 2011 - (est.) 15,673.9 - 101.1 2012 - (est.) 16,565.7 - 100.6 2013 - (est.) 17,440.2 - 99.7 2014 - (est.) 18,350.0 - 99.9 I'm not sure how increasing public debt as a percentage of GDP by an estimated 20% is considered fiscally responsible by the Obamaphiles, particularly those who screamed about Bush's expenditures. Then again, my view is probably colored by my apparent support for infanticide. __________________ "Have we been commanded not to call a prophet an insular racist? Link?" "And yes, [2010] is a very good year to be a Democrat. Perhaps the best year in decades ..." - Cali Coug "Oh dear, granny, what a long tail our puss has got." - Brigham Young